0739 GMT - Germany's DAX rises in early trade and climbs above its previous record closing high reached in March, as the blue-chip index recovers from President Trump's tariff blitz last month. News of the U.S.-U.K. trade deal helps the DAX continue its upward trend, CMC Markets' Jochen Stanzl says in a market comment. "The markets celebrate this agreement not because it shines in every detail but because this rough framework might be sufficient to maintain the temporary suspension of countersanctions permanently," Stanzl says. At home, the government of newly elected chancellor Friedrich Merz is poised to unveil its Agenda 2030 and the prospect of expansive fiscal programs-will drive revenues and profits for DAX-listed companies, he says. The DAX is up 0.7% at 23512.3.(adria.calatayud@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 03:39 ET (07:39 GMT)
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